Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to unpack how he approaches position sizing within his portfolio of junior mining stocks. We discuss which kinds of companies get their appropriate weighting within the portfolio, and how every stock doesn’t need to be a big winner for the overall portfolio value to continue to grow. Erik emphasizes the key attributes of both “probable growth” and “margin of safety” and how this allowed stocks like Eskay Mining (ESK) or Lion One (LIO) to grow in weighting as they had exploration success and have further derisked their projects.